"We've gotten to go places we never knew we would. We've been able to see and experience things we never imagined possible. We've shared the stage with people we admire, people we look up to, and best of all, our friends.

"And now, like all great things, it has come time for it to end. Thanks for all of your support, and for being part of the adventure."

Following the announcement, singer Gerard Way tweeted a picture with the caption: "Beyond any sadness, what I feel the most is pride."